AIG looking to exit Amman airport project
- Jordan: Tuesday, January 29 - 2013 at 05:28
An Abu Dhabi-led consortium investing $850m to expand Jordan's main airport is looking to exit a 25-year concession to manage the facility, preferring to cash in the investment rather than stay involved for coming years, Reuters has reported, citing three banking sources. Airport International Group (AIG), formed of French, Greek and Jordanian firms to expand the Queen Alia International Airport with an additional terminal, was awarded a 25-year build-operate-transfer (BoT) concession by the Jordanian government in 2007. AIG approached banks to advise on the possible sale, the sources said. The new terminal is expected to open in February, increasing capacity nearly three times to nine million passengers a year.
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